
“Small business owners across the country are receiving letters from the IRS questioning if they are reporting all of their cash income, in a new push by the agency some are saying could unnecessarily create fear in the small business community. The Wall Street Journal reports the initiative is an attempt to respond to what the agency feels is a widespread failure by small businesses to report all their cash sales. The agency says the letters are not the same as an audit, and it is simply seeking more tax information from the businesses. However, some lawmakers and business owners who received the letters say the initiative is alarming.”
Related posts:
Israel admits to 1988 Mossad assasination of ‘PLO No.2 Abu Jihad’
Kerry's cosy dinner with Syria's 'Hitler' at Damascus restaurant
CIA document from 1983 indicates Israel built chemical weapons stockpile
France will 'prove' Syria regime behind chemical attack
Stop-and-Seize Turns Police Into Self-Funding Gangs
Red-light cameras under scrutiny in state legislatures
Facial Scanning Is Making Gains in Surveillance
Lawsuit Filed Over Fatal Police-Involved Shooting At Housing Authority
Federal Election Commission rules requested on Bitcoin campaign donations
Most Americans fear anti-aging technology is luxury for the rich
Secret files reveal police feared that Trekkies could turn on society
Is your bond fund invested in Puerto Rico?
US-led coalition acknowledges killing 800+ civilians in Iraq & Syria airstrikes
Facebook to pay 614,000 users $15 each over privacy concerns
Hungry U.S. Power Plant Turns to Russia for Coal Shipment